Russia Targets Ukraine's Pivdennyi Port Again

The news could increase geopolitical risks, negatively affecting market sentiment. Although GOOGL shares closed down 3.14% and the RSI at 33.1 is approaching oversold territory, the MACD continues to give a sell signal. A short-term recovery appears unlikely as the price is trading below both the 20-day and 50-day moving averages. Therefore, downward pressure is expected to persist over the next 1-3 days.

Russia's renewed targeting of Ukraine's Yuzhny Port could support Brent oil prices upward by increasing supply disruption concerns. Technical indicators also support this view; although the RSI at 72 is approaching overbought territory, the MACD remains above the signal line and positive. The price is trading above the 20- and 50-day moving averages, with a 3.8% increase recorded in the last 24 hours. In the short term, the upward trend is expected to continue due to geopolitical risks and strong momentum. However, caution should be exercised against overbought signals and potential profit-taking.

Russia's renewed targeting of a key Ukrainian port could push oil prices higher amid supply disruption fears. Technical indicators also support this upward move: the RSI at 66.9, while approaching overbought territory, still signals strong momentum. The MACD line is above the signal line and in positive territory, suggesting the short-term uptrend may continue. The price is trading above both the 20-day and 50-day moving averages, indicating a bullish structure. However, after a 3.66% rise in the last 24 hours, the possibility of short-term profit-taking should not be ruled out.